PHILADELPHIA, Miss. - Citizens Holding Company (OTCQX:CIZN) today declared a quarterly cash dividend of $0.16 per share on its common stock, maintaining its commitment to shareholder returns. The dividend is scheduled for disbursement on June 28, 2024, to shareholders who are on record as of June 14, 2024.
CEO Stacy Brantley expressed the company's dedication to its shareholders, citing the dividend as a reflection of its strong capital position and ongoing efforts to deliver shareholder value. The announced dividend corresponds to an annual yield of about 8%, based on the company's current stock price.
Citizens Holding Company operates as a one-bank holding entity and is the parent company of The Citizens Bank of Philadelphia. The bank serves customers across fourteen counties in Mississippi, offering a suite of commercial banking services, mortgage loans, and title insurance services in partnership with third parties. Moreover, it provides a comprehensive array of internet banking services, which include online banking, bill payment, and cash management services for businesses.
Shares of Citizens Holding Company are traded on the OTCQX Best Market under the ticker symbol CIZN. The company's transfer agent is American Stock Transfer & Trust Company, and investor relations information is accessible on the corporate website.
The press release also contained forward-looking statements regarding the company's strategies, plans, and expectations for future operations. These statements are based on assumptions that may change and are subject to risks and uncertainties that could affect the company's performance and results. Citizens Holding Company does not commit to updating these forward-looking statements after the date they are made.
This news article is based on a press release statement from Citizens Holding Company.
InvestingPro Insights
Citizens Holding Company (OTCQX:CIZN) has recently announced a consistent quarterly cash dividend, signaling a stable financial posture to its investors. With a current market capitalization of $44.15 million, the company's ability to maintain its dividend is noteworthy. The dividend yield stands at a generous 8.26%, as of the last recorded date, which is particularly appealing for income-focused investors.
While the dividend is a positive sign, it is important to look at the broader financial picture. According to InvestingPro data, Citizens Holding Company has experienced a revenue decline of 7.57% over the last twelve months as of Q1 2024. However, this was juxtaposed by a significant quarterly revenue growth of 34.45% in Q1 2024, suggesting a potential turnaround or seasonal fluctuation in the company's financials.
InvestingPro Tips further indicate that despite the stock trading at a high earnings multiple with a P/E ratio of 12.28, it has suffered from weak gross profit margins. More, the company's stock price often moves in the opposite direction of the market, which could be a factor for investors looking for market-correlated growth or stability. On the upside, Citizens Holding Company has been profitable over the last twelve months and has seen a strong return over the last five years. Notably, the company's liquid assets exceed its short-term obligations, providing financial flexibility.
For those considering an investment in Citizens Holding Company, it may be beneficial to explore the additional 8 InvestingPro Tips available. These tips could provide deeper insights into the company's financial health and future prospects. To access these insights, one can visit https://www.investing.com/pro/CIZN. Additionally, using the coupon code PRONEWS24 will grant an extra 10% off a yearly or biyearly Pro and Pro+ subscription, offering valuable investment analysis tools at a discounted rate.
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